BACK-UP OFFERS ACCEPTED! Welcome to 2208 N Main St in Santa Ana! Amazing opportunity to purchase a 3-unit commercial building with flexible retail and office zoning, with a 4th bonus unit easily permitted (Seller has plans vetted by City!) in a 2183 sq ft commercial property with 12,632 sq ft lot and 15-space parking lot. Building and anchor business frontage on Main Street and 5 freeway on/off ramp in Santa Ana - only 2-3 blocks from Santiago Park, Rancho Santiago Community College, Bower Museum, and Discovery Cube. 9-10 comparable commercial sales in the immediate area show an exceptionally well-priced property, in its combination of units, square footage, lot size, and parking! Sale includes 2 leased units with consistently paying tenants until 2026, paying $4000+/month combined rent. 1 additional unit and bonus unit delivered vacant at close of Escrow - which could pay an additional $4000+/month combined rent once bonus unit permitted or $2500+/month from currently permitted 3rd anchor unit. And/or purchase the $100K/year cash-flowing, anchor business, celebrating its 70th year this year, for an additional $150K. Seller willing to carry business for 0% down, $2000/month for 75 months as part of building sale! Building and business are turnkey and ready to take over AND offer opportunities for value add and improvements to command higher market rent and income. Owners selling to retire. This property and business will sell quickly; be sure to view and make an offer ASAP!
| Date | Details | Change |
|---|---|---|
| Status Changed from Active to Active Under Contract | – |
Based on information from California Regional Multiple Listing Service, Inc. as of May 1st, 2024 at 9:25pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
